Flash: The SP500 confirms trend continuation signal with 1,770 target - RBS

FXstreet.com (Barcelona) - The SP500 formed a bullish piercing pattern just above the 61.8% retracement from the Apr – May impulse wave last week, a technical occurrence that in view of Dmytro Bondar, strategist at RBS, confirms "a trend continuation 1,770 target" Bondar said. Only a sustained break below 1,600 would require the bullish view to be reassessed, Bondar added.